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Tata Motors' February’16 Figures Report Rising LCV, M&HCV Sales

Published On Mar 14, 2016By Prashant Talreja

Tata Motors witnessed good growth across all commercial vehicle segments this February. Analysts believe that this could be credited to rising LCV sales, which helped to further strengthen the medium and heavy duty sectors as well. The company marked a growth of 22 percent in the heavy duty segment, on a year-on-year basis. Sales rose by nearly 14,872 units. Meanwhile, for the LCV segment, year-on-year growth was pinned at a decent 10%, recording signs of revival over the stagnation that this segment had been facing in the past two years. Sales for this area rose by nearly 15,698 units this year over the last February's number.

While M&HCV sales continued to grow at 14,872 units over February 2015 (which was higher by 22 percent), the light & small commercial vehicle sales has witnessed growth at 15,698 units, higher by 10 percent over February 2015. Overall, the commercial vehicle segment saw a boom of 15 percent over the last year's period in the domestic market. For February 2016, sales were a strong 30,570 over 26,555 units in February 2015. Cumulative commercial vehicles' sales in the domestic market rose by a meagre one percent over the last year's period, standing at 288,895 units.

While the commercial vehicle sector continued to thrive over a sharp market turn-around, Tata saw weakening numbers for the passenger vehicles region. In February 2016, its passenger vehicle sales fell by nearly 20% over the same period for the last year, with 10,962 reported this year over 13,767 units the previous year.

On the exports side, the company sent out 5,142 vehicles this February against 3,911 in the same month last year. This yielded a 31 percent growth.

See Also:

Tata Predicts 25% Growth in Commercial Vehicle Sales This Fiscal Year

Tata Reports Healthy 6% Growth for February

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